Q: I purchased some GOOS December calls, for now the call are profitable (46 Dec 20) if I let the call expire then I take it the calls are assigned to my margin acct automatically, yes or no. Second question , For tax purposes is my new ACB the cost of the shares plus the premium and
I declare no profit till I sell them OR do I have to pay taxes on the profit now on whatever gain or if a loss take that amount as a deduction for this years taxes. Thanks , Jean
I declare no profit till I sell them OR do I have to pay taxes on the profit now on whatever gain or if a loss take that amount as a deduction for this years taxes. Thanks , Jean